For trading Crude Oil on Monday 3/18/2013, we are rolling over to the May contract. CLK13.
We have several automated trading systems for Crude Oil. They are:
1.) Cobra Crude Oil
2.) SR CounterTrend Crude Oil
3.) EVP-2 Crude Oil
On Sunday night the Open Interest in Crude Oil is much higher and the @CL contract in Tradestation matches CLK13.
Euro Surge continues to be one of our top trading systems this year. We went long today and the profit target version exited early. In the stock market, we find this trend interesting as the market internals do not seem to support it but our systems are still buying dips with Cobra CT Vb and SR CounterTrend. We will see if stocks post an 11th winning day in a row.
It is easy to rationalize that now is the time to start betting against the market since it has had such a big run but I would caution as there could be more ahead and a “capitulation move” to the upside against the bears. The famous saying that comes to mind is “the market can remain irrational longer than you can remain liquid”. Alan Greenspan stated this morning that he does not see Irrational Exuberance in the markets.
In the end, the news is interesting but most of this is just talk and my advice is to find a good system and follow it.
Two of our top trading systems are SR CounterTrend E-mini S&P and TICK Count Trend E-mini S&P. Both of these strategies use market internals such as the NYSE TICK, NYSE ADVANCERS, and NYSE DECLINERS. Yesterday, SR CounterTrend went short while Tick Count Trend is in it’s second long trade.
The video below shows the recent trades for these strategies and the annual results. The diversity of trading a trend strategy such as Tick Count Trend and a countertrend strategy such as SR CounterTrend is show as well.
We trade these strategies in our managed accounts using equity curve algorithms. Equity Curve algorithms let us manage our trading systems. We have a webinar for the equity curve algorithms tomorrow at 3:30 pm CST, 15 minutes after the futures close.
Money Management Algorithm Webinar
Thursday 3:30 pm CST
Breakout trading systems are some of the most popular trading systems that traders like to use. In the video below we take a look at some basic popular trade ideas for taking breakouts in Bonds and the E-mini S&P. The bottom line is that they don’t usually work.
The money management algorithms improves both of these basic trading system ideas. We have a webinar on Thursday at 3:30 pm CST/4:30 pm EST to go into more detail on our money management algorithms. The special offer can be seen here.
Webinar Thursday at 3:30pm CST/4:30 pm EST
Today, we went long on SR CounterTrend and Gap Fill Fade in the E-mini S&P and exited before the market rolled over. Cobra III E-mini S&P captured the short side. SR CounterTrend Crude Oil was also a nice short trade today.
On Thursday at 3:30 pm CST/4:30 pm EST, we will have a Money Management/Equity Curve Algorithm webinar to show the algorithms in the Tradestation 9.1 and MultiCharts 8.5 platforms. The Algorithms now work in the 64 bit versions of Tradestation and MultiCharts.
To review the previous webinar and see the special offer this week for the Money Management Algorithms, you can find the offer on on our Seven Trading Systems website.
You can sign up for the webinar on Thursday here.